Andrea Orcel was appointed Chief Executive Officer of UBS Investment Bank as of 1 November 2012. He had been appointed co-CEO of UBS Investment Bank and a member of the GEB in July 2012. He joined UBS from Bank of America, where he had been Executive Chairman of Bank of America Merrill Lynch since 2009, President of Emerging Markets (ex Asia) since 2010 and CEO European Card Services since 2011. Prior to Merrill Lynch's acquisition by Bank of America, Mr. Orcel was a member of Merrill Lynch's global management committee and Head of Global Origination, which combined Investment Banking and Capital Markets. He held a number of other leadership positions, including President of Global Markets & Investment Banking for Europe, Middle East and Africa (EMEA) and Head of EMEA Origination beginning in 2004. Between 2003 and 2007 he led the Global Financial Institutions Group, of which he'd been part since joining Merrill Lynch in 1992, after working previously at Goldman Sachs and the Boston Consulting Group.

Mr. Orcel holds an MBA from INSEAD and a degree in economics and commerce, summa cum laude, from the University of Rome. He was born on 14 May 1963 and is an Italian citizen.